New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

New Found Gold Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises a approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company is undertaking a 500,000-meter drill program at Queensway.

TSXV:NFG - Post by User

New Found Gold Corp > Eric Sprott now owns 19% of NFG

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Comment by BlueChipper2020on Jun 22, 2021 12:20pm

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Post# 33427492

RE:RE:RE:RE:RE:Eric Sprott now owns 19% of NFG

BlindBoy wrote: Actually, Eric has publicly stated that he probably loses more times than he wins.

However, the size of his winning bets far outweigh the size of his losers.

BlindBoy bingo.

ES has invested small amounts (to him) in so many juniors over the years including recently in Newfoundland. When he does, some folks jump up and down not realizing it is often just throwing the dice for him. Maybe that is the gambling Rick Rule was talking about. He loses in the majority of those "small" early on PPs. However I take ES investments seriously when he has pressed his bets like he has in NFG, SIC and another junior I own (not related to Newfoundland). That is what I call calculated risk taking.

BC

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A junior copper-gold stock trading at a bargain of monumental proportions